Posted on 01/31/2009 6:57:15 AM PST by tobyhill
President Obama said Saturday his administration will outline a new strategy in the coming days for spending billions of federal dollars to pull the nation out of an economic crisis he described as "devastating."
Obama and his top advisers are weighing how to structure the remaining $350 billion that Congress approved last year to save financial institutions and lenders from collapse. The new president also warned there is no single action that would allow his administration to fix the struggling U.S. economy, a stark statement at the end of a week that saw hundreds of thousands of Americans lose their jobs.
"No one bill, no matter how comprehensive, can cure what ails our economy," Obama said in his weekly radio and Internet address. "So just as we jump-start job creation, we must also ensure that markets are stable, credit is flowing and families can stay in their homes."
Obama and his aides spent his first two weeks in power working on the nation's economic troubles. The final three months of last year sent the economy into its worst downhill slide in a quarter-century. The economy stumbled backward at a 3.8 percent pace, government economists said Friday; that rate could accelerate to 5 percent or more this quarter.
(Excerpt) Read more at foxnews.com ...
What a total crock this guy is. All smoke and mirrors.
I’m going to go out on a limb here and make a prediction. I predict Obama doesn’t last his whole first term.
Well, well, well, ain’t this a surprise?
0 has no skills other than looking nice and speaking well.
Leadership? Got none.
Go away bad dream...
Gee that is not the song The One sang when he was running for office. Does this mean HE LIED!
He’s also now saying that it will take years to recover, not months. I figured the messiah could just raise his hand and fix it instantly. Word, just words.
In that picture it looks like he’s drugged out.
I am already thinking the same too...it will be his 'health.'
He is running out of meaningless platitudes.
Iheard him say this monring something like: “The middle claass are the workers in this country but the poor are part of america too.”
10 days into his reign and he has run out of things to say.
I agree & I wonder how all those Wall St hot shots who voted for him feel now.
Tell you what, 0bambi... Just send me a million. I reckon that’s about what your going to spend “on my behalf”, anyway. Just cut out the middlemen (DhimmiRat contributors) and I’ll do my part to get the economy moving once more...
It’s time to refresh the tree of Liberty, IMO.
not a “happy Negro”.”
I believe this pic must have been taken after “his party” celebrating passage of the stimulus?
Looks like a drug user to me?
“I thought he was going to fix it all ON DAY ONE??!!?”
He signed an order to close GITMO on day one. He is concerned over the rights and welfare of terrorists instead of the rights and well being of American citizens.
obama and brother George been hanging out behind the hut
due tell...
“Looks like a drug user to me?”
Alot of the pictures I’ve seen of him during the campaign looked like he was withdrawing or fiending for some sort of drug. His face all sweaty and stressed looking.
I believe he’s a doper of some sort. He’s so mentally f’d up, I can’t imagine he’s going through life sober.
Now I know why his brother only had one joint left. Obama looks like he's been hitting the O'bong'a pretty hard.
The created change has left no hope. Obama has bit off more than he can chew.
That is why it is always best to elect a person with vision based on life experience. Such was Ronald Reagan.
Obama does not fit that criteria and his handlers are all Clintonistas.
[0 has no skills other than looking nice and speaking well.]
By the looks of him in post #15, I don’t think he’s even going to be able to keep that up for long.
This idiot is not helping us, but is instead furthering his plan to destroy capitalism in our country!
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